Housing Prices Collapse in China People Lose Everything, Savings Gone, Debt Remains

Right now, I’m not working. Every single month, the mortgage comes due like a weight on my chest, pressing so hard that sometimes I feel I can’t breathe. But there’s no exit. If I sell the apartment, my children lose their school placement. If I don’t sell, I drown in debt. Either way, there is nowhere to run. I honestly don’t know what choice is left. I never caught the so-called “golden era.” When I was young, policies shifted, and suddenly having a second child became normal. But if your child wanted to attend a decent local school, you needed two things: a home and a local household registration. So I bought a house. I followed the rules. I did what society demanded. And now, everything has collapsed. Jobs are disappearing, incomes are shrinking, and people like me are being crushed in silence.